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Net Worth Update #1 – 300k in Investments!

One of the main purposes of this blog is for me to track my progress to financial independence which I am well on my way to achieving. 2016 has been a volatile year and I happen to be writing this after stocks have significantly rebounded. Note: if you’re just joining us you can view my most recent net worth update here.

The big news: The Quietly Crushing It household has officially crossed $300,000 in investments! While I have a feeling it won’t last, it is still worth celebrating and documenting.

The format of these updates will develop over time, but here is a snapshot of my net worth as of March 5, 2016.

Mr.QCI Net Worth

Cash: ~$4,000

Investments

P2P Lending: $22,798

401k: $22,391

Vanguard Rollover IRA: $64,556

Vanguard Roth: $22,926

Vanguard Taxable: $53,929

Individual Stocks/Other Investments: $2986

HSA (amount invested only): $6,707

Total Investments: 196,293

Even with the market still being down from all time highs my portfolio saw all time highs due to maxing out my Roth IRA for the year and also investing into my taxable account. Investments were somewhat boosted from my recent Airbnb experiment.

I don’t necessarily trust Zillow estimates, but this is what I am reporting for now. I continue to make minimum payments on all of my mortgages. You can see my real estate holdings here.

Miss QCI Net Worth

Cash: ~$3,000

Investments

401k: $33,218

Vanguard Roth IRA: $21,262

Rollover IRA: $3,439

Vanguard Taxable: $47,975

Total Investments: $105,894

Net Worth: $108,694

Miss QCI, my wonderful significant other continues to crush it as well. She puts 50% of her income into 401k (the max allowed by the company) and still has room to invest in a taxable account – amazing!

Combined Numbers

Investments: $302,187

Net Worth: $439,483

Looking Forward

By the end of 2016, our net worth should approach the half a million mark and if the market cooperates we may even surpass $400,000 in investments. Stay tuned.